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Metso Oyj Lowers FY 2013 Financial Guidance

Thursday, 25 Jul 2013 05:00am EDT 

Metso Oyj announced that based on the economic situation as per July 2013, the market outlook, the Company's order backlog for 2013, and foreign exchange rates remaining similar to those at the end of June, Metso estimate that the Company's net sales and EBITA before non-recurring items will be somewhat lower in the fiscal year 2013 than those in 2012. Previously the Company estimated its EBITA before non-recurring items in 2013 to be at around 2012 levels and net sales to be similar to that in 2012 or slightly lower. For the fiscal year 2012 the Company reported net sales of EUR 7,504.00 million and EBITA of EUR 687.5 million. According to I/B/E/S Estimates analysts on average are expecting Metso to report revenue of EUR 7,127.43 million for the fiscal year 2013. 

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